- 11 U.S.C.
In re Alexander
Aug
01
2012
Ruling
Confirmation denied due to improper vehicle ownership expense and lack of good faith.
Procedural posture
Within days before filing their bankruptcy petition, bankruptcy debtors obtained a relatively small loan secured by the debtors' vehicle, and the debtors claimed a vehicle expense deduction based on the loan which reduced their disposable income to zero. The bankruptcy trustee moved to deny confirmation of the debtors' plan which proposed to pay nothing to unsecured creditors.
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Court
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